The Importance Of Aging Population

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Aging population: How to ensure a well-functioning society Nowadays, more and more countries have grown to an aging society. Worse still, this aging rate seems to accelerate. In 1900, only 5% of the British population was 65 and over, which increased to10.8% by 1950 and 15.8% by 2000, and is estimated to rise to 24.7% by 2050 (Torp, 2015). This problem is even much more severe in Japan, whose people aged 65 and over make up ¼ of its population (Torp, 2015). The whole society is unhealthy and is likely to remain stagnant when there are too many old people rather than young labors. The population of children under 15 and senior over 65 to the population between 15and 65, what is defined as dependency ratio, is high in transition period and it can be predicted that this number would become even larger as life expectancy keeps going up due to the development of science and technology. Consequently, the period of retirement in life may be longer than the working period which means everyone consumes more than what he produces. This loads an increasingly heavier burden on younger generations, not only for their parents but also for life insurance and taxes. To curb the aging population problem, effective approaches including encouraging young couples to give birth, investing more resources on caring for the elderly, and deferring people’s aging process through healthy lifestyle are needed. To raise more retired people, more labors are needed. Due to the one-child

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